Relative performance of prior bull market leader vs. the next bull market leader (beginning of bull market = 100)
Source: BofA, TME
Central banks have continued to load up on the yellow metal
They added 77 tonnes to their gold reserves in August. Net buying is closing in on recent "highs". Gold is trading without much trend, but we are at very big levels. Source: Variant perception, TME
In the last 8 decades, savings as a percentage of national income has ONLY contracted three times:
2008 - Great Recession. 2020 - Covid Pandemic Crash. 2023 - The Everything Bubble. Source: Whalewire
Here's a visual comparing the 5 largest companies in the U.S. to the 5 largest in Europe by market cap
It's absolutely remarkable that $AAPL alone is almost twice the size of all five European giants combined. Source: Quartr
In case you missed it: technology hit a new all-time relative high
And this is on an equally-weighted basis. So it is not just 7 stocks... Source: J-C Parets
In a study of the educational backgrounds of 52 famous tech CEOs and founders, it was found that 10 out of the 52 either dropped out or were expelled like Bill Gates
By Genuine Impact
U.S. Treasuries have reached one of the most oversold levels in the last 36 years
This has typically foreshadowed events such as the October 1987 crash, the Dotcom Bubble, and the Nasdaq surge (Oct 2022) Source: Barchart, BofA
According to SWIFT, the U.S. Dollar was used for 46% of all international payment transactions in July, a RECORD high
Meanwhile, use of Euro is collapsing. De-euroization rather than de-dollarization? Source chart: Bloomberg
